RE:Re Re Re Re Other Ideascopperminer wrote: JCSunner, interest and taxes are deadly to the small investor. Interest can be somewhat livable if the capital received can pay it's way. I was at my accountants yesterday regarding a property sale which is subject to CDN Capital Gains Tax. Preliminary tax estimates are estimated at $600,000 plus or minus. To be verified at a second meeting this Friday when I bring in historical documents.
Absolutely shocking. How do these tax crazed Governments keep getting getting elected?
I would love to trade the way others do on here. But I stay tucked in to tax safety, in the Tax Free Savings Account, It's the only way I can fight off the tax man. Snow White Investing
I have started doing my charitable giving out of my taxable account instead of writing checks. US tax law allows me to transfer shares to a charity without taking the capital gain, and then I can write off the gift. I can then write the check to my taxable brokerage account and buy back the stock that I gave, thus raising my tax basis. I can't avoid all capital gains this way, but since I do a lot of giving, it sure helps.